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Chevron Corp (NYSE:CVX)
3-Year Buyback Ratio
1.10 (As of Jun. 2014)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

CVX' s 10-Year Buyback Ratio Range
Min: 3.1   Max: -17.4
Current: 1.1

During the past 13 years, Chevron Corp's highest 3-Year Average Share Buyback Ratio was -17.40. The lowest was 3.10. And the median was -0.20.

CVX's Buyback Ratiois ranked higher than
93% of the 132 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: -0.20 vs. CVX: 1.10 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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